financetom
News
financetom
/
News
/
Dow and Nasdaq 100 Find Support While Nikkei 225 Tiptoes Lower​​​​​
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Dow and Nasdaq 100 Find Support While Nikkei 225 Tiptoes Lower​​​​​
Mar 26, 2024 5:22 AM

Dow Jones, Nasdaq 100, Nikkei 225 Prices and Charts

​​​Dow finds support

​After pulling back from last week’s record high the index is finding support at the previous record high of 39,287.​A close below this quickly brings rising trendline support from January into view. This provided support in the first half of March. Below this, the 50-day simple moving average (SMA) comes into play.

DowJones Daily Chart

Wall Street Bearish Data provided by of clients are net long. of clients are net short.

Change in Longs Shorts OI
Daily 29% -6% 3%
Weekly 13% -4% 1%
What does it mean for price action? ​

​Nasdaq 100 back to new highs?

​Monday’s low of 18,180 has found buyers, and early trading this morning has seen small gains that could put the price back on course to test the record high of 18,468 seen last week.

​In the short-term, rising trendline support from January is nearby, as is the 50-day SMA. The index continues to trade without even a 5% pullback.

Nasdaq100 Daily Chart

Recommended by Chris Beauchamp

Recommended by Chris Beauchamp Master The Three Market Conditions s ​

​Nikkei 225 edges lower

​After the rally from the mid-March low, the index continues to drift lower. ​Trendline support from early January comes into view around 39,640, and then below this is horizontal support from the 1990 record high at 38,951.

​The price has slipped below the early March high of 40,574, so a close back above here helps to restore a bullish short-term view.

Nikkei 225 Daily Chart

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Euro hovers near four-week high after Lagarde's remarks
Euro hovers near four-week high after Lagarde's remarks
May 27, 2025
The euro rose in European trade on Tuesday on track for the third straight session against the US dollar, and about to hit a four-week high amid concerns about US financial stability. Recent bullish remarks by European Central Bank President Christine Lagarde provided more positive momentum for the euro, and underscored investor confidence in the EU. The Price The EUR/USD...
US dollar tries to recover from five-week trough
US dollar tries to recover from five-week trough
May 27, 2025
The US dollar rose in European trade on Tuesday for the first time in three sessions against a basket of major rivals, as it tries to recover from five-week lows on short-covering. Now traders await important US data later today to assess the odds of future Fed rate cuts. The Index The dollar index rose 0.5% to 99.44, with a...
Yen rushes to four-week high on strong demand
Yen rushes to four-week high on strong demand
May 27, 2025
The Japanese yen rose in Asian trade on Tuesday against a basket of major rivals, resuming gains against the dollar after a short hiatus and hitting a four-week high on strong haven demand amid concerns about US debt levels. Gains are also bolstered by the increasing odds of a Japanese interest rate hike in June in response to mounting inflationary...
US dollar extends losses to five-week trough on US debt concerns
US dollar extends losses to five-week trough on US debt concerns
May 26, 2025
The US dollar fell in European trade on Monday against a basket of major rivals, hitting a five-week trough amid concerns about the US debt levels. Now investors await important remarks by several Fed officials as they look for more clues on the odds of multiple Fed rate cuts this year. The Index The dollar index fell 0.4% to 98.69,...
Copyright 2023-2025 - www.financetom.com All Rights Reserved